| |
 |
|
|
|
 |
|
 |
| |
| The Scuppers This is a new forum for the not necessarily fishing related topics... |
 |
12-18-2017, 05:00 PM
|
#1
|
|
Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,705
|
A friend of mine grew up as a 1%er. Parents were LOADED. He could have become anything he wanted in life as his parents could have placed him in any good college he chose. Long story short, his dad put everything they owned in an investment that was sure to explode. The story ends with his parents loosing everything, including their house and my friend is now a nail banger framing houses.
Kudos to Chef, but I make my money with my hands and with extreme caution. Call me the tortoise.
Posted from my iPhone/Mobile device
|
|
|
|
|
|
12-18-2017, 05:35 PM
|
#2
|
|
Seldom Seen
Join Date: May 2001
Posts: 10,543
|
GBTC today....
$3,463.00
764.00 28.31%
So if I did not buy in on 9/1/17 when it was trading around 800, what would make me buy in when it goes up almost 800 in a day? Opportunity lost? Absolutely. Not going to say that it doesn't bother me a little bit, but there is nothing in the story that is any more compelling now than there was back then. Besides, I would have already been long out of it having taken a profit anyway. No way I could even consider establishing an initial position at this level...
Of course if it is at 10k in March I will be kicking myself a little bit, but I can only act with the information I have in front of me now.
|
“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
|
|
|
|
|
12-19-2017, 09:12 AM
|
#3
|
|
Registered User
Join Date: Nov 2003
Location: MA
Posts: 3,630
|
Quote:
Originally Posted by Nebe
A friend of mine grew up as a 1%er. Parents were LOADED. He could have become anything he wanted in life as his parents could have placed him in any good college he chose. Long story short, his dad put everything they owned in an investment that was sure to explode. The story ends with his parents loosing everything, including their house and my friend is now a nail banger framing houses.
Kudos to Chef, but I make my money with my hands and with extreme caution. Call me the tortoise.
Posted from my iPhone/Mobile device
|
Your friends dad is an idiot ... I’d never or suggest anyone put a huge percentage of your savings in altcoins . 1-3 % would be a smart move though .
Posted from my iPhone/Mobile device |
|
|
|
|
|
|
12-19-2017, 10:02 AM
|
#4
|
|
Seldom Seen
Join Date: May 2001
Posts: 10,543
|
And another red flag...
Crypto Company CRCW has had its stock trading suspended by SEC until Jan 3 2018 pending investigation of its promotion and compensation.... Stock was ten bucks in October. Closed at 575 before suspension. Reminds me of some pot stock suspensions that left shareholders holding the bag....
|
“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
|
|
|
|
|
12-21-2017, 05:30 PM
|
#5
|
|
Seldom Seen
Join Date: May 2001
Posts: 10,543
|
GBTC today...
1,772.00
-610.995 -25.64%
So I could buy twice as much as.... just three days ago....
And another sure sign that this cryptomania has reached a frenzy that will rob you; Long Island Iced Tea skyrocketed 4X after changing its name and focus to Long Blockchain.... I actually thought it was a joke when I first read the report. Maybe John should rename the site Striped-Blockchain.... he will be able to sell it for millions! Tomorrow!
|
“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
|
|
|
|
|
| Thread Tools |
|
|
| Display Modes |
Rate This Thread |
 Hybrid Mode
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -5. The time now is 11:07 PM.
|
| |
